Competitive position in intercontinental travel from Scandinavia. Christer Haglund, SVP, Public Affairs and Corporate Communications 10.6.2008. On blue and white wings since 1923. Nine million passengers per year Turnover two billion euros 9,500 employees 64 aircraft Listed in 1989

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With fuel prices almost double what they were a year ago, airlines have switched strategies from expansion to downsizing.

The New York Times 6.6.2008

Already suffering, U.S. airlines have raised fares, added fees and surcharges, cut jobs and reduced services to cope with oil prices and the slowdown.Reuters 2.6.2008

Ryanair warned on Tuesday that its operating profits would be wiped out this year, if the crude oil price remained at around $130 a barrel.Financial Times 3.6.2008

United Airlines plans to ground more than a fifth of its fleet, slash its domestic capacity by as much as 18 per cent by the end of next year and cut as many as 1,600 jobs in the latest sign of the crisis gripping the US airline industry amid record oil prices and a slowing economy.Financial Times 4.6.2008